Mumbai, Jun 20 (PTI) All-India House Price Index (HPI) increased by 3.1 per cent annually in the January-March quarter of 2024-25 compared to 3.1 per cent growth in the previous quarter and 4.1 per cent a year ago, the Reserve Bank said on Friday.

The Reserve Bank has released its quarterly house price index (HPI) for Q4 2024-25, based on transaction-level data received from the registration authorities in ten major cities.

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The annual HPI growth varied widely across the cities - ranging from high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi).

On a sequential (q-o-q) basis, all-India HPI increased by 0.9 per cent in Q4 2024-25.

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Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter.

The ten cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)